Event participation supports D-Wave’s long-standing partnership with USC, the first U.S.-based facility to host a D-Wave Advantage™ quantum computing system

PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 7, 2024-- D-Wave Quantum Inc. (NYSE:QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, announced that it is participating in today’s Quantum Technologies Forum hosted by the University of Southern California (USC). D-Wave will present the latest advancements in its annealing quantum computing technology and highlight real-world use cases from both commercial and research customers.

Today’s event participation reflects a longstanding relationship between D-Wave and USC’s Viterbi School of Engineering. In 2022, USC became the first organization in the U.S. to host a D-Wave Advantage annealing quantum computing system. The onsite Advantage system is one of the production quantum systems that business users and researchers can access via D-Wave’s Leap™ real-time quantum cloud service. It has supported USC's work across numerous quantum research and benchmarking studies in areas such as protein binding classification and quantum coherence.

“Our quantum system at USC plays an important role in supporting the university’s efforts to serve as an epicenter of quantum research and education,” said Lorenzo Martinelli, chief revenue officer at D-Wave. "Our 5,000+ qubit quantum computer – currently the world’s largest quantum computer – gives enterprise users, researchers and public sector organizations incredibly powerful computational capabilities for solving complex problems, and we look forward to continuing our collaboration with USC to advance scientific progress and business transformation.”

The Quantum Technologies Forum aims to bring together experts from academia, industry, and government to advance quantum research, workforce development and the growth of a quantum technology infrastructure in Southern California. Speakers from USC Viterbi School of Engineering include Professor of Engineering Daniel Lidar, Professor of Physics and Astronomy and Quantitative and Computational Biology Rosa DiFelice, Researcher Quntao Zhuang and Prof. F. Teodoridis from USC Marshall School of Business.

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Wave’s technology has been used by some of the world’s most advanced organizations including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory. With its Quantum Center of Excellence located near Vancouver, Canada, D-Wave's global operations are based in Palo Alto, CA.

Forward-Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

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Media Contacts:
D-Wave
Alex Daigle
media@dwavesys.com

Source: D-Wave Quantum Inc.